Fortress REIT Limited (FFB.JO) stock analysis

In our weekly check, Fortress REIT Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6.

About Fortress REIT Limited

Fortress REIT Limited is a Real Estate company (REIT - Diversified) based in South Africa, listed on JNB as FFB.JO.

What our checks show for FFB.JO

Red flags

• Operating profit does not cover the interest bill (0.2x): interest is paid from cash or new debt.
• Operating cash flow is only 0.45x net profit: part of the reported profit does not arrive as cash.
• Analysts expect revenue to shrink about 8% a year.
• Analysts expect the net margin to shrink by 25.8 points from today's 79.1%.
• The dividend takes 355% of profit: little cushion if profit falls.
• A small company (market value $20 million): usually riskier and followed by fewer analysts.

Warning signs

• Analysts expect earnings per share to shrink about 19.4% a year.
• Net profit fell 5% a year over the last 3 years.
• The stock has fallen as much as 59% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 2.8 years.
• Return on capital (ROCE) is only 9.2%.

Strengths

• The net margin rose by 56.6 points over 5 years, to 79.1%.
• The gross margin is 69.4% and has risen by 9 points: pricing power is holding.
• Revenue grew 19.2% a year over the last 3 years.
• Earnings per share grew 13.9% a year over the last 3 years.
• The company keeps 79.1% of its revenue as net profit.
• Free cash flow is 16.5% of revenue: cash for dividends, buybacks or growth.

Similar companies

VICI · RDF.JO · GRT.JO · GMG.AX · 5235SS.KL

Questions

What grade does Fortress REIT Limited (FFB.JO) have?

In our weekly check, Fortress REIT Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of FFB.JO stock?

This week's biggest flags for Fortress REIT Limited: Weak interest cover, Profits not backed by cash, Weak revenue forecast. In total 11 of 25 checks show a warning or a red flag.

What does Fortress REIT Limited do?

Fortress REIT Limited is a Real Estate company (REIT - Diversified) based in South Africa, listed on JNB as FFB.JO.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

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